Expana to launch 15 Fruit & Vegetable Assessments

Following a period of market feedback, Expana has decided to launch monthly Expana Benchmark Prices (EBP) for the North American IQF markets covering raspberries, blackberries, bananas, blueberries, mangoes, onions, and peaches. The publication of the new assessment will start on Monday, 30th September 2024.

The specifications for the assessment will be as below:

The assessments will reflect the transactable value at 16:00:00 Eastern Standard Time.

The proposed IQF prices for raspberries, mangos, and blackberries will enhance Expana’s current market coverage, offering greater insight into conditions in key regions like the Pacific Northwest and East Coast. The new prices for onions, bananas, and organic blueberries will bring transparency to markets that were previously underrepresented. Additionally, the proposed IQF peach prices, which have been highly requested, will address a significant market segment. The IQF peach market is the second-largest in the IQF fruit sector, projected to reach $1.4 billion by 2031. A notable trend in the IQF fruit market is the growing focus on product diversification, driven by increasing demand. In 2023, North America led the market, capturing the largest revenue share and highlighting its key role in the sector. The launches will increase transparency in traditionally opaque markets, providing additional independent and reliable benchmarks for commonly-traded items in the category.

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